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9 <br /> CONSENT <br /> INDIAN RIVER COUNTY <br /> INTER-OFFICE MEMORANDUM <br /> OFFICE OF MANAGEMENT & BUDGET <br /> TO: Members of the Board of County Commissioners <br /> DATE: May 28, 2013 <br /> SUBJECT: TOURIST DEVELOPMENT COUNCIL <br /> 2013/2014 BUDGET RECOMMENDATIONS <br /> FROM: Jason E. Brown <br /> Director, Management& Budget <br /> DESCRIPTION AND CONDITIONS <br /> On May 15, 2013, the Tourist Development Council (TDC) reviewed budget requests for fiscal <br /> year 2013/2014 to be paid from the Tourist Tax revenue. The CounciFs recommendations are <br /> listed below: <br /> ... TOURIST DEVELOPMENT COUNCIL <br /> Fiscal Year 2013/2014 Funding Application <br /> 2012/2013 2013/2014 2013/14 TDC <br /> Organization Funding Request Recommendation <br /> Indian River County Chamber of <br /> Commerce and Sebastian Chamber $410,607 $423,838 $420,613 <br /> of Commerce <br /> Cultural Council $60,000 $60,000 $60,000 <br /> Historical Society $14,000 $12,000 $12,000 <br /> Treasure Coast Sports Commission $148,700 $148,700 $148,700 <br /> Vero Heritage $12,000 $12,000 $12,000 <br /> Total $645,307 $656,538 $653,313 <br /> The initial requests resulted in a shortfall of $3,225. However, officials for the Chamber of <br /> Commerce offered to reduce their agencys request to the 70% funding threshold. This action <br /> allowed the Tourist Development Council to provide full funding of all remaining requests. <br /> Therefore, the TDC did not complete ratings for the agencies as this step was not necessary. <br /> 22 <br />